Sponsor

DSD Removals & Storage Huddersfield

Wednesday, 29 June 2016

How much was your house worth last year? Use our interactive tool to find out

How much was your house worth last year? Use our interactive tool to find out

How much was your house worth last year? Use our interactive tool to find out

The UK House Price Index shows prices in Kirklees have risen by 5.3% in the past year while Calderdale has seen a 6.9% rise

House prices in Kirklees are rising by an average of £19 a day, a survey has revealed.

Prices in the district have increased by 5.3% in the past year – from £129,832 in April, 2015, to £136,717 in April, 2016 – according to the UK House price Index.

Alex McNeil, of estate agency Bramleys in Huddersfield, said: “This confirms that the market has been relatively stable for two or three years with a little bit of growth. Values are now more or less where they were back in 2008.”

The index shows that house prices are growing even faster in Calderdale – up by 6.9% in a year to an average price of £128,554 or an average increase of £23 a day.

UK average house prices have increased by 8.2% in the year to April, 2016 – slightly down on the figure of 8.5% in the year to March, 2016, but continuing the trend for strong growth seen since the end of 2013.

The average UK house price was £209,000 in April, 2016 – up by £16,000 on April, 2015, and £1,300 higher than last month.

The main contribution to the increase came from England, where house prices rose by 9.1% over the year to April, 2016. The average price in England is now £225,000.

Wales saw house prices rise by 1.7% over the latest 12 months to stand at £139,000 while the average price in Scotland increased by 3.3% to stand at £138,000. The average price in Northern Ireland is currently £118,000.

City of London showed the highest annual growth with prices up by 27.3% to stand at an average £928,000. The lowest annual growth was recorded in Merthyr Tydfil, Wales, where prices fell by 11.1% to stand at an average of £82,000.

Mr McNeil said there was bound to be uncertainty following the EU referendum result, but said the local property market was strong enough to get througn it. “There are not as many people in negative equity than there were three or four years ago,” he said. “The supply of houses as improved a little this year and a lot of builders are committed to building new homes. People buying those homes on part exchange will release another property to the secondhand market.